Cetera Trust Company N.A Buys Shares of 645 Essex Property Trust, Inc. $ESS

Cetera Trust Company N.A bought a new stake in shares of Essex Property Trust, Inc. (NYSE:ESS) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 645 shares of the real estate investment trust’s stock, valued at approximately $183,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ESS. Valeo Financial Advisors LLC boosted its holdings in shares of Essex Property Trust by 151,452.8% in the second quarter. Valeo Financial Advisors LLC now owns 2,978,012 shares of the real estate investment trust’s stock valued at $843,969,000 after acquiring an additional 2,976,047 shares in the last quarter. Wealthquest Corp bought a new position in shares of Essex Property Trust in the first quarter valued at approximately $384,606,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Essex Property Trust by 66.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,746,242 shares of the real estate investment trust’s stock valued at $841,916,000 after acquiring an additional 1,096,619 shares in the last quarter. Resolution Capital Ltd boosted its holdings in shares of Essex Property Trust by 59.0% in the first quarter. Resolution Capital Ltd now owns 821,968 shares of the real estate investment trust’s stock valued at $251,991,000 after acquiring an additional 304,936 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Essex Property Trust in the first quarter valued at approximately $91,014,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Stifel Nicolaus increased their price objective on Essex Property Trust from $301.50 to $305.50 and gave the company a “hold” rating in a research report on Wednesday, July 30th. UBS Group reduced their price target on shares of Essex Property Trust from $297.00 to $295.00 and set a “neutral” rating for the company in a research report on Tuesday, July 15th. Weiss Ratings restated a “hold (c+)” rating on shares of Essex Property Trust in a research report on Wednesday, October 8th. Evercore ISI reduced their price target on shares of Essex Property Trust from $279.00 to $271.00 and set a “cautious” rating for the company in a research report on Monday. Finally, Royal Bank Of Canada upped their price target on shares of Essex Property Trust from $306.00 to $307.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Seven analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $295.03.

Essex Property Trust Stock Up 1.6%

Essex Property Trust stock opened at $260.58 on Thursday. The firm has a market cap of $16.78 billion, a PE ratio of 19.80, a P/E/G ratio of 6.00 and a beta of 0.81. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.09 and a current ratio of 1.09. The firm’s 50 day moving average price is $262.77 and its two-hundred day moving average price is $272.63. Essex Property Trust, Inc. has a twelve month low of $243.25 and a twelve month high of $316.29.

Essex Property Trust (NYSE:ESS) last released its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $3.97 earnings per share for the quarter, beating the consensus estimate of $3.96 by $0.01. The firm had revenue of $473.30 million for the quarter, compared to analyst estimates of $472.11 million. Essex Property Trust had a net margin of 45.46% and a return on equity of 14.70%. During the same quarter in the prior year, the business earned $3.91 EPS. Essex Property Trust has set its Q4 2025 guidance at 3.930-4.030 EPS. FY 2025 guidance at 15.890-15.990 EPS. On average, research analysts predict that Essex Property Trust, Inc. will post 15.96 EPS for the current fiscal year.

Essex Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a $2.57 dividend. This represents a $10.28 annualized dividend and a yield of 3.9%. The ex-dividend date was Tuesday, September 30th. Essex Property Trust’s dividend payout ratio is currently 78.12%.

About Essex Property Trust

Essex Property Trust, Inc, an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 252 apartment communities comprising approximately 62,000 apartment homes with an additional property in active development.